Stock Monitor: Blackbaud Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 09, 2018 / Active-Investors.com has just released a free earnings report on CA, Inc. (NASDAQ: CA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CA. The Company posted its third quarter fiscal 2018 (Q3 FY18) financial results on January 29, 2018. The leading software developer's revenue and earnings surpassed market expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CA, Inc. most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
During the third quarter of the fiscal year 2018, CA posted net sales of $1.09 billion compared to $1.01 billion in Q3 FY17, reflecting an increase of 8.54%. CA's sales growth was primarily backed by an increase in software fees and the Other segment's revenues. The Company's revenue numbers beat analysts' estimates of $1.07 billion.
The Company's selling, general, and administrative expenses (SG&A) amounted to $95.00 million in the reported quarter compared to $85.00 million in the year ago same period, increasing 11.76% on a y-o-y basis. The Company's operating income was $307.00 million in Q3 FY18 compared to $308.00 million in Q3 FY17, decreasing 0.32% on a y-o-y basis.
CA's net loss was $93.00 million in the reported quarter compared to a net income of $208.00 million in Q3 FY17. The Company's loss per share was $0.23 in Q3 FY18 compared to earnings per share (EPS) of $0.50 in the third quarter of the previous fiscal year. The decline was attributed to the recent enactment of the Tax Cuts and Jobs Act (TCJA), incurring a tax expense of approximately $318.00 million in the reported quarter. The Company's adjusted EPS were $0.75 in the reported quarter compared to $0.63 in Q3 FY17, increasing 19.05% on a y-o-y basis, and beating analysts' estimates of $0.60.
CA's Mainframe Solutions segment's revenues increased 1.10% to $552.00 million in Q3 FY18 compared to $546.00 million in Q3 FY17. The segment's operating margin was 64.00% in the reported quarter compared to 61.00% in Q3 FY17.
CA's Enterprise Solutions segment's revenues increased 18.51% to $461.00 million in Q3 FY18 compared to $389.00 million in Q3 FY17. The segment's operating margin was 11.00% in the reported quarter compared to 14.00% in Q3 FY17.
CA's Services segment's revenues surged 11.11% to $80.00 million in Q3 FY18 compared to $72.00 million in Q3 FY17. The segment's operating margin was 3.00% in the reported quarter compared to 4.00% in Q3 FY17.
CA's Subscription and Maintenance segment's revenues increased 3.18% to $843.00 million in Q3 FY18 compared to $817.00 million in Q3 FY17.
CA's Professional Services segment's revenues increased 11.11% to $80.00 million in Q3 FY18 compared to $72.00 million in Q3 FY17.
CA's Software Fees and Other segment's revenues surged 44.07% to $170.00 million in Q3 FY18 compared to $118.00 million in Q3 FY17.
On a geographical basis, the American region's net sales increased 6.00% on a y-o-y basis, and International revenue increased 13.00% on a y-o-y basis.
As on December 31, 2017, CA had cash and cash equivalents of $2.97 billion compared to $2.83 billion as on December 31, 2016. The Company's cash inflow from operating activities was $315.00 million in the reported quarter compared to $517.00 million in Q3 FY17. The Company had declared a quarterly cash dividend of $0.26 per outstanding share, which was paid on December 12, 2017, to all stockholders of record on November 30, 2017. The Company repurchased 1.60 million shares worth $53.00 million.
For the fiscal year 2018, the Company is expecting sales to be in the range of $4.22 billion - $4.25 billion, and operating margin to be in the band of 36% - 37%. The Company's adjusted EPS is expected to increase in the range of 2% - 5% to $2.54 - $2.60, and tax rate to be 25%.
Stock Performance Snapshot
February 08, 2018 - At Thursday's closing bell, CA, Inc.'s stock dropped 3.94%, ending the trading session at $32.66.
Volume traded for the day: 4.39 million shares, which was above the 3-month average volume of 2.10 million shares.
Stock performance in the last three-month – up 1.11%; previous six-month period – up 0.34%; and past twelve-month period – up 4.21%
After yesterday's close, CA, Inc.'s market cap was at $13.83 billion.
Price to Earnings (P/E) ratio was at 32.50.
The stock has a dividend yield of 3.12%.
The stock is part of the Technology sector, categorized under the Business Software & Services industry.
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